Boundaries of the tournament pricing effect in asset markets: Evidence from experimental markets

Southern Economic Journal

Volumn 69, Issue 4, 2003, Pages 936-951

  Mark Isaac, R ^a   James, Duncan ^b  

^a FLORIDA STATE UNIVERSITY   (United States)

^b FORDHAM UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0038335965     PISSN: 00384038     EISSN: None     Source Type: Journal    
DOI: 10.2307/1061659     Document Type: Article

References (13)

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2. Brown, Keith C., Van W. Harlow, and Laura T Starks. 1996. Of tournaments and temptations: An analysis of managerial incentives in the mutual fund industry. Journal of Finance 51:85-110.
3. Bull, Clive, Andrew Schotter, and Keith Weigelt. 1987. Tournaments and piece rates: An experimental study. Journal of Political Economy 95:1-33.
4. Ehrenburg, Ronald G., and Michael L. Bognanno. 1990. Do tournaments have incentive effects? Journal of Political Economy 98:1307-24.
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10. Smith, Vernon L., and Arlington W. Williams. 1990. The boundaries of competitive price theory: Convergence, expectations, and transactions costs. In Advances in Behavioral Economics 2, edited by L. Green and J. Kagel. Norwood, NJ: Ablex Publishing, pp. 31-53.
11. Sunder, Shyam. 1995. Experimental asset markets: A survey. In The handbook of experimental economics, edited by John Kagel and Alvin Roth. Princeton, NJ: Princeton University Press, pp. 445-500.
12. Tirole, Jean. 1982. On the possibility of speculation under rational expectations. Econometrica 50:1163-82.
13. Van Boening, Mark, Arlington Williams, and Shawn LaMaster. 1993. Price bubbles and crashes in experimental call markets. Economics Letters 41:179-85.